Young South Koreans embrace DIY finance, driving the rise of YouTube-fuelled investors Singapore News -

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

SOUTH KOREA: In Seoul, a new financial revolution is quietly taking shape, led by a generation determined to chart their economic course.

At the forefront of this movement is Choi Hui-ji, a 26-year-old business consultant with a bold ambition — to save 70% of her monthly earnings. Her strategy? Investing half of her savings in overseas exchange-traded funds , with her sights set on owning a home, income-generating real estate, and securing a comfortable retirement., Choi’s approach is rooted in a simple yet powerful insight — the earlier you start saving, the more your money can grow.

Lee Woo-jae, a 29-year-old IT professional, echoes this sentiment. “I realized that simply relying on regular income wouldn’t be enough to afford a home in Seoul. I needed to invest to accumulate wealth,” he says. “I’m less focused on becoming rich and more on preparing for retirement,” says Ji Hyeon-seong, a 29-year-old office worker. “With concerns about pensions running out, and knowing that I can’t rely on earned income forever, I feel it’s important to start investing while I’m still young and capable.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Australia Latest News, Australia Australia Headlines